ReelTime
Receives NASDAQ Approval Reserving
Rare Two Letter
Ticker Symbol "RT"
November
12, 2020 -- InvestorsHub NewsWire -- ReelTime
VR/ReelTime Media (OTC:RLTR) ReelTime has received notification from
NASDAQs symbol reservation department stating that
"Your
request to reserve the
ticker symbol "RT",
for ReelTime
Rentals, Inc. has been approved and will be reserved for you for
twenty four months from the date of the reservation 11
March 2022.
Nasdaq is committed to supporting our global network of companies
throughout all their life stages-before, during and after the
Listing."
Two letter
symbols as in "RT" are exceedingly rare
and coveted
having only 325 possible combinations and even less
that trade on
NASDAQ as the remaining two letter symbols are spread across other
trading platforms. The particular symbol
"RT" as an
example became available only after former casual dining chain
"Ruby Tuesday" (formerly traded on the NYSE) vacated the symbol 3
years ago when it went private resulting from a buyout.
All
securities listed on either the New York Stock Exchange, the
American Stock Exchange, or the NASDAQ system are identified by a
unique stock symbol or ticker symbol. The stock ticker symbol
appears on the "ticker tape" that scrolls across the bottom of most
financial news programs whenever the stock is traded.
Barry Henthorn
CEO stated: "Getting a symbol reserved for trading is
a very big
milestone
for ReelTime. The fact that we were able
to secure a two-letter
symbol at all is
a godsend let alone the appropriate symbol "RT" for Reeltime. We
will continue to work to meet additional corporate governance and
other requirements knowing that we have our historic symbol
reservation approved."
Earlier this
week ReelTime formally submitted an application
as
a Seasoned
Company
Seeking to Transfer Equity and/or Debt Securities from Another U.S.
Exchange to be listed on the
NASDAQ Capital
Market Exchange. The application has
been logged in the NASDAQ Listing
Center,
all applicable fees have been paid, and a listing analyst has been
assigned to ReelTime to assist throughout the
process. In addition, the request for a new
symbol (NASDAQ:RT) to be reserved for
ReelTime
to
trade
under once
the Company has met all quantitative
and qualitative criteria, including certain corporate governance
requirements has
been approved.
ReelTime
will continue to
submit additional information and documentation as it is required
based on comments from its assigned Listing Analyst and others at
NASDAQ who will be assisting ReelTime, assuring that they satisfy
all the required qualifications for NASDAQ Capital Markets
securities in Rule 4300 and or any other applicable
regulatory requirements. ReelTime will also need to adhere to
the corporate governance standards set by NASDAQ. In
addition, ReelTime must comply with NASDAQ's
requirements relating to audit committees, the director
nomination's process, the compensation of officers, board
composition, executive sessions, quorum, and code of
conduct
among
others.
ReelTime
will continue to
trade on the OTC Markets under the symbol (OTC:RLTR) throughout the process and up until the
move to the NASDAQ Capital Market becomes effective
at which time the
ticker symbol will become (NASDAQ:RT).
The NASDAQ
Capital Market provides companies the required capital
in order
to grow
their business. The NASDAQ Capital Market also provides a listing
venue that promises to accommodate the different stages of
corporate lives of the companies. All companies that are listed on
NASDAQ Capital Market need to satisfy all the required
qualifications for NASDAQ securities in Rule 4300. The companies
also need to adhere to the corporate governance standards set by
NASDAQ.
In other
news:
ReelTimes
VR
capabilities which were showcased in Inc.
Magazines' March
24th issue
solves the monetization problem of high production cost in
relationship to the size of the potential audience that has
thwarted VR content creation. Using ReelTime
process
and Ubiquiview
technology,
content can be shot in VR yet made available to major networks and
other flat content portals as well. By expanding the number of
potential viewers from only those with a VR headset to nearly all
widely used formats, traditional monetization via product
placement, embedded advertising, pre, and post-roll sponsorships,
etc. become possible.
Last
month
ReelTime
VR topped the list published in
Virtual Reality Insider of three unknown public companies set to
drive the explosion of the AR/VR worlds as access and
adoption/adaptation become commonplace. The full article can be
seen at www.virtualrealityinsider.com .
The article makes special mention of the potentially industry
shaping significance of ReelTime's
patent Number
10,761,303 that was just issued by the USPTO on September 1, 2020.
The patent covering apparatus and method claims
for technology involving simultaneous capturing of 360 X
360 degree
Spherical
Panorama Images and Video.
Earlier
this year ReelTime
VR
appeared in TIME Magazine where it was singled out as companies
"Among those most likely to gain from the growing virtual reality
market" and where it cited ReelTimes
"In Front
of View" as "The World's No. 1, VR Travel Show".
About
NASDAQ Capital Markets:
Nasdaq is a
global technology company serving the capital markets and other
industries. Our diverse offering of data, analytics,
software
and services
enables clients to optimize and execute their business vision with
confidence. A diverse selection of over 4,000 companies choose to
list on Nasdaq's U.S., Nordic and Baltic exchanges,
representing industries such as retail, health care, finance, and
technology. In the U.S., Nasdaq is the listing venue of choice for
many of the world's most exciting companies. The Nasdaq Stock Market has
three distinctive tiers: The Nasdaq Global Select
Market®
, The
Nasdaq Global Market® and The Nasdaq Capital Market® . Applicants
must satisfy certain financial, liquidity and corporate governance
requirements to be approved for listing on any of these market
tiers.
About
ReelTime
Rentals,
Inc. d/b/a ReelTime
Media: www.reeltime.com,
is a publicly-traded company based in Seattle, WA
(OTCPK:RLTR). ReelTime Media provides end to end
production capabilities and discount media purchasing that is
redefining how companies are evaluating and purchasing their TV,
radio, print, and other new media. ReelTime is also is in the business of
developing, producing, and distributing Virtual Reality Content and
technologies. We have an end to end production, editing, and
distribution capabilities for internal and external
projects. ReelTime Currently produces three
ongoing series for the Samsung Gear VR platform and distributes
them over numerous VR delivery portals including Gear VR, Oculus,
Veer VR, HTC Vive, YouTube 360, Facebook, and
others. ReelTime Media also publishes the book
"It Was Always Me Edward Edwards the most Prolific Serial Killer of
all time" which has been the subject of a cover story on People
Magazine, Rolling Stone, In Touch, and a six-part series on
Paramount network, www.itwasalwaysme.com.
Contact:
Barry
Henthorn
ceo@reeltime.com
